Gold Spikes to Fresh 5 Year Highs, Bitcoin Eyes 10K | Crypto Craft

  • Gold Spikes to Fresh 5 Year Highs, Bitcoin Eyes 10K

    From traderslog.com

    Gold continued to rally on Friday, reaching its highest levels since September of 2013 before beating a retreat. The yellow metal powered higher after Wednesday’s FOMC meeting, where the US central bank left interest rates unchanged, but adopted a more dovish stance. The CME Fedwatch Tool currently shows a 100% chance of a rate cut at the July meeting. US Treasuries rallied on the heels of the Fed news, sending yields lower. Bond yields typically fall when investors expect a rate cut. On Thursday, yields on the 10-year US Treasury bond fell below 2% for the first time since late 2016. Analysts attributed the surge ... (full story)

Comment Options
TudorIoan
Jun 21, 2019 10:09am
Permalink
Nice try, crooks!
Bitcoin is not moving on geopolitical risk
Bitcoin will never replace Gold as storing value or refuge asset. Nobody would trust such a clownish volatile thing!
Anonymous encrypted files belongs to no one, they just fly, ...fly, ..fly
Reply
perma-bull
Jun 21, 2019 9:10am
Permalink
Quote
The CME Fedwatch Tool currently shows a 100% chance of a rate cut at the July meeting.
cool tool:
Attached Image
Reply
676f6c64
Jun 21, 2019 12:39pm
Permalink
Quoting TudorIoan
Bitcoin will never replace Gold as storing value or refuge asset.
Bitcoin won't replace gold, it will become its bff.
Reply
  • Story Stats